Broome business development presentation

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Description

• Support new and emerging business start-ups by: • Building strong business foundations, focusing advisory services on business planning, financial management and business structures • Build capacity in existing businesses by: • Building strong business foundations, focusing business advisory services on financial management and organisational governance; • Improving business sustainability, focusing business advisory services on profitability, competitiveness and productivity; • Identifying and advising businesses with growth and employment potential • Encouraging diversification of business activity

REGIONAL BUY LOCAL INITIATIVE SBDC Stage 2 Commitments

SBDC Commitments Under RBLI Stage 2, SBDC has committed to develop and implement a small business capacity building program in regional WA. This program builds on work initiated in Stage 1 and consists of three key elements: •Business diagnostic tool •Matched grant funding program •Capacity building workshops

Diagnostic Tool •

Assist small business owners identify areas of strength and vulnerability.

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Will allow business owners to work through aspects including finance and cash flow, business planning, marketing, premises, infrastructure and human resources with a third party service provider to ascertain areas for business improvement.

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Provides business owners with a report outlining the outcomes of the assessment.

Matched grant funding •

Linked to completion of diagnostic tool

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Development of matched grant funding program to facilitate access to business professionals for regional small businesses to address areas for improvement.

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Based on dollar for dollar matching principle up to the value of $5,000 per applicant.

Workshops Development and implementation of capacity building workshops to address regional specific needs. Workshop topics may include, but are not limited to, the following areas: • • • • •

Tendering, contracting and pre-qualification Developing your online business Using social media in your business Customer service Building better business management skills